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Aircraft Micro Turbine Market Size
- Report ID: GMI12185
- Published Date: Nov 2024
- Report Format: PDF
Aircraft Micro Turbine Market Size
The global aircraft micro turbine market was valued at USD 3.6 billion in 2023 and is estimated to grow at a CAGR of 6.1% from 2024 to 2032.
The aviation industry's increasing focus on reducing operational costs and environmental impact is driving demand for fuel-efficient technologies. Micro turbines offer a lightweight and efficient alternative to traditional propulsion systems, making them suitable for various aircraft applications. Their ability to use multiple fuel types enhances their appeal, aligning with global efforts to reduce carbon emissions. Airlines and manufacturers face pressure to adopt environmentally friendly technologies, and micro turbines can contribute to meeting these sustainability goals while maintaining performance.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Aircraft Micro Turbine Market Size in 2023: | USD 3.6 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 6.1% |
| 2032 Value Projection: | USD 5.9 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 230 |
| Tables, Charts & Figures: | 310 |
| Segments covered: | Installation, application, horsepower, engine type, fuel type, end use |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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For instance, In January 2024, Turbotech and Safran successfully tested the first hydrogen-fueled gas turbine engine aimed at the light aviation market. Conducted at ArianeGroup’s facility in Vernon, France, the tests are part of the BeautHyFuel project, which seeks to explore hydrogen propulsion solutions for light airplanes. Supported by the French Civil Aviation Authority as part of a post-Covid stimulus program, the project is led by Turbotech and Elixir Aircraft, in collaboration with Safran, Air Liquide, and Daher. It builds on ArianeGroup’s extensive experience with hydrogen propulsion from its work on the Ariane rocket.
Recent advancements in materials science and engineering have improved micro turbine efficiency and performance. Innovations such as ceramic matrix composites and advanced manufacturing techniques, including 3D printing, enable the creation of more durable and lighter turbine components. These advancements enhance turbine durability and efficiency while reducing production costs. The integration of digital technologies, such as IoT and AI, into turbine systems, allows real-time monitoring and optimization, further increasing interest and investment in micro turbine technology. For instance, In June 2023, Rolls-Royce announced that its new small gas turbine, designed for hybrid-electric flight, is set to begin testing. This engine is part of a turbogenerator system aimed at Advanced Air Mobility, which includes electric vertical take-off and landing (eVTOL) aircraft for urban air mobility and commuter applications for up to 19 seats.
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Aircraft Micro Turbine Market Scope
